HTX crypto exchange overtakes Coinbase in trading volumes

Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes.

Cryptocurrency trading platform HTX, formerly known as Huobi, has overtaken the United States-based exchange Coinbase in terms of spot trading volumes.

Tron founder Justin Sun — who serves as HTX adviser and holds significant assets on the exchange — took to X on May 27 to announce that the global HTX exchange has surpassed Coinbase in spot trading volume for the first time.

“This is just the beginning, and we are just getting started,” Sun argued, referring to HTX and Coinbase data on the crypto data aggregator CoinGecko.

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